Community Foundation For Monterey County

Organization Overview

Community Foundation For Monterey County is located in Monterey, CA. The organization was established in 1966. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2020, Community Foundation For Monterey County employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Monterey County is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Community Foundation For Monterey County generated $59.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $31.8m during the year ending 12/2020. While expenses have increased by 16.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE PHILANTHROPY AND BE A CATALYST FOR STRENGTHENING COMMUNITIES THROUGHOUT MONTEREY COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANT PROGRAMS - AS THE LARGEST GRANTMAKING FOUNDATION IN MONTEREY COUNTY, THE COMMUNITY FOUNDATION PROVIDES FUNDING AND TECHNICAL ASSISTANCE SUPPORT TO A WIDE-RANGE OF NONPROFIT AND COMMUNITY ORGANIZATIONS PROVIDING NEEDED SERVICES IN THE PROGRAM AREAS OF ARTS AND CULTURE, CHILDREN AND YOUTH DEVELOPMENT, COMMUNITY DEVELOPMENT, HEALTH AND HUMAN SERVICES, ANIMAL WELFARE AND THE ENVIRONMENT. THE COMMUNITY FOUNDATION ALSO PROVIDES LEADERSHIP WITH SCHOLARSHIP PROGRAMS AND COMMUNITY INITIATIVES, INCLUDING THE COVID-19 COLLABORATIVE IN 2020-21. THESE GRANTS ARE MADE THROUGH A VARIETY OF FUND TYPES, INCLUDING DONOR ADVISED, SCHOLARSHIP, DESIGNATED, FIELD OF INTEREST AND UNRESTRICTED.


MONTEREY COUNTY GIVES! (MC GIVES!): MC GIVES! IS A SPECIAL PROJECT OF THE MONTEREY COUNTY WEEKLY, THE COMMUNITY FOUNDATION FOR MONTEREY COUNTY AND THE MONTEREY PENINSULA FOUNDATION AND WAS CREATED TO SUPPORT THE LOCAL NONPROFIT COMMUNITY WITH AN ANNUAL YEAR-END GIVING CAMPAIGN. IN 2020, 171 ORGANIZATIONS PARTICIPATED TO RAISE A TOTAL OF $7.7 MILLION. MC GIVES! HAS NOW RAISED AND CONTRIBUTED OVER $34 MILLION DOLLARS SINCE ITS INCEPTION ELEVEN YEARS AGO.


SCHOLARSHIPS: THE COMMUNITY FOUNDATION FOR MONTEREY COUNTY (CFMC) HOLDS AND ADMINISTERS MORE THAN 50 SCHOLARSHIP FUNDS THAT CREATE GREATER ACCESS TO HIGHER EDUCATION FOR DESERVING LOCAL STUDENTS. SCHOLARSHIPS HELP STUDENTS REALIZE THEIR POTENTIAL AND GROWING THE NUMBER OF STUDENTS WHO EARN COLLEGE DEGREES MAKES A BRIGHTER FUTURE FOR US ALL.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Baldwin
President & CEO
$303,700
Christine Dawson
VP Of Philanthropy
$147,735
Diane Nonella
Vpfinance & Hr
$141,423
Laurel Lee-Alexander
VP Of Grants
$141,082
Birt Johnson Jr
Chair
$0
Jan Vanderbilt
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$67,163
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$57,187,793
Noncash contributions included in lines 1a–1f $18,791,577
Total Revenue from Contributions, Gifts, Grants & Similar$57,254,956
Total Program Service Revenue$418,197
Investment income $7,170,447
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $17,755
Net Gain/Loss on Asset Sales -$5,524,206
Net Income from Fundraising Events -$4,000
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $59,371,913

Grants Awarded

Over the last fiscal year, Community Foundation For Monterey County has awarded $14,237,338 in support to 268 organizations.

Grant RecipientAmount

PG PUBLIC LIBRARY FOUNDATION

Org PageRecipient Profile

Pacific Grove, CA

PURPOSE: GENERAL SUPPORT

$583,974

FRIENDS OF LAGUNA SECA

PURPOSE: GENERAL SUPPORT

$420,346

COAST PROPERTY OWNERS ASSC

Org PageRecipient Profile

Big Sur, CA

PURPOSE: DISASTER RELIEF

$383,925

BIG SUR LAND TRUST

Org PageRecipient Profile

Monterey, CA

PURPOSE: MC GIVES / GENERAL SUPPORT

$277,456

MONTEREY MUSEUM OF ART

Org PageRecipient Profile

Monterey, CA

PURPOSE: MC GIVES / GENERAL SUPPORT

$259,352

GATHERING FOR WOMEN -MONTEREY

Org PageRecipient Profile

Monterey, CA

PURPOSE: MC GIVES / GENERAL SUPPORT

$254,009
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 43 grants that Community Foundation For Monterey County has recieved totaling $6,559,927.

Awarding OrganizationAmount
James Irvine Foundation

San Francisco, CA

PURPOSE: FOR AN ECONOMIC DEVELOPMENT INITIATIVE

$3,000,000
David And Lucile Packard Foundation

Los Altos, CA

PURPOSE: LOCAL GRANTMAKING

$1,320,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$733,900
Public Health Institute

Oakland, CA

PURPOSE: Technical Assistance

$300,000
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$250,000
$247,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$161,596,558
Earnings$20,924,974
Admin Expense$2,241,956
Net Contributions$13,065,186
Grants$5,532,102
Ending Balance$187,812,660

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